Webmin + Apache Virtual Hosts + Subdomains

Ok this is on a VPS CentOS

Im using webmin

BIND DNS is stopped.

my domain A - Record (on domain provider) points to VPS IP

NOw the domain works. www.domain.co.uk also works.

I have set up a apache virtual host to handle domain.co.uk
(ive added a www.domain.co.uk alias)

I now want to add a subdomain: latest.domain.co.uk that redirects to an external URL say www.newsite.com/test

Ive tried adding the folliwing to my etc/httd/conf/httd.conf file and tried it but it doesnt work.

Code:

---

<VirtualHost *:80>
ServerName latest.domain.co.uk
ServerAlias latest.domain.co.uk *.latest.domain.co.uk
Redirect / "http://www.newsite.com/test"
</VirtualHost>

---

I restarted the Apache service. I went to latest.domain.co.uk in firefox but it says:
Firefox can't find the server at latest.domain.co.uk.

Is it just a case of waiting or have I missed something...

The thing is on my domain control panel i can create subdomains and create URL forwading there, this is easier and saves time BUT i can only create a maximum of 5 subdomains, i will need more.